topic Updated Abbreviation List in Credit Cards

Updated Abbreviation List

Anonymous — Fri, 03 Jun 2016 13:27:46 GMT

While there is an existing abbreviation thread, there are a number of initials I've seen being used that aren't listed on the old one. So here's an update in alphabetical order:

AA = adverse action (lowered credit limits, closed cards, negative reports on credit, etc.)

AF = annual fee

AMEX = American Express

AOR = "App O Rama" (see App Spree)

App = apply / application
App Spree = applying for several cards and/or credit lines in a short period of time

AU = additional user / authorized user

Baddies = negative factors on credit reports

BC/OBC = American Express Blue Cash / "Old Blue Cash"
BCE = American Express Blue Cash Everyday
BCP = American Express Blue Cash Preferred

BK/BR = bankruptcy

BoA = Bank of America

BT = balance transfer

Cap 1 = Capital One

CC = credit card
CCC = credit card company

CL = credit limit or current limit

CL = Community Leader (in the MyFICO forums)

CLD = credit limit decrease

CLI = credit limit increase

CR = credit report

CRA = credit reporting agency (TransUnion, Experian, Equifax, etc).

CSP = Chase Sapphire Preferred
CU = credit union

DC = Citi Double Cash

DCU = Digital Federal Credit Union
DH = dear husband

DM = dear mother
DW = dear wife

ED = American Express Every Day

EDP = American Express Every Day Preferred

EE = Early Exclusion

EO = Executive Office

EQ = Equifax
EX = Experian

FAKO = credit reports using other formulas, less used by lenders

FICO = credit reports according to Fair Isaac formula, most used by lenders

FOTM = Flavor of the month (popular new cards with uncertain staying power)

FSR = friendly, supportive, & respectful (part of MyFICO forum code of conduct and how we strive to act toward each other on the forums)

FTF = foreign transaction fee

FU = Chase Freedom Unlimited (please ignore any other connotation for those initials)

FWIW = for what it's worth

Gardening = choosing NOT to apply for new lines of credit

HP = hard pull (credit check listed as an inquiry on credit report)

IHG = intercontinental hotels group

IIB/IIBK = included in bankruptcy

IIRC = if I recall correctly

IMO/IME = in my opinion / in my experience

INQ = inquiries listed on credit report

JK = just kidding

LOL = laughing out loud

NFCU = Navy Federal Credit Union
OP = original poster
PC = product change (change the name & type of a credit card to another issued by the same company)

PenFed = Pentagon Federal Credit Union

PRG = American Express Premier Rewards Gold

Prime = desirable; usually used to reference cards with better features, rewards, or perks; lower interest rates; and greater perceived stability

QS = Capital One Quicksilver
Recon = ask company to reconsider a denial of credit

SCT = shopping cart trick (using the shopping cart features of online stores to apply for store credit cards with a soft pull only)

SL = starting limit (initial credit limit on card acceptance)

SO = Significant Other

SP = soft pull (credit check not listed as an inquiry)

Sub-prime = less desirable; usually used to reference store cards or cards designed for lower credit scores

TL = trade lines / credit lines

TOS = terms of service
TU = TransUnion

USAA = United Services Automobile Association (provides banking, credit, & insurance to present & former US soldiers and their families)

UW = underwriter (someone who makes decisions regarding lending to customers)

VS = 1.) Visa Signature (the highest level of benefits provided on a Visa card in the US); 2.) Victoria's Secret
WEMC = World Elite MasterCard (the highest level of MasterCard features, benefits similar to Visa Signature)
WMC = World MasterCard (offers special features from MasterCard, but not quite as many as World Elite)

YMMV / YEMV = your mileage may vary / your experience may vary

Let me know what I missed and I'll add it in. Hope this helps!

Re: Updated Abbreviation List

_NERD — Fri, 08 Apr 2016 08:12:51 GMT

The other day someone commented after me on a post and referred to his hubby as DW. I thought that was cool. No need to point out the difference with a special indicator abbreviation.

Have a fabulous day.

Re: Updated Abbreviation List

Anonymous — Wed, 27 Apr 2016 03:32:16 GMT

@Anonymous wrote:
While there is an existing abbreviation thread, there are a number of initials I've seen being used that aren't listed on the old one. So here's an update in alphabetical order:

AA = adverse action (lowered credit limits, closed cards, negative reports on credit, etc.)
AF = annual fee
AMEX = American Express
App = apply / application
App Spree = applying for several cards and/or credit lines in a short period of time
AU = additional user / authorized user
Baddies = negative factors on credit reports
BC = American Express Blue Cash
BCE = American Express Blue Cash Everyday
BCP = American Express Blue Cash Preferred
BK/BR = bankruptcy
BoA = Bank of America
BT = balance transfer
Cap 1 = Capital One
CC = credit card
CCC = credit card company
CL/SL = credit limit/spending limit
CLD = credit limit decrease
CLI = credit limit increase
CSP = Chase Sapphire Preferred
CU = credit union
DC = Citi Double Cash
DH = dear husband
DW = dear wife
EDP = American Express Every Day Preferred
EO = Executive Office
EQ = Equifax
EX = Experian
FAKO = credit reports using other formulas, less used by lenders
FICO = credit reports according to Fair Isaac formula, most used by lenders
FOTM = Flavor of the month (popular new cards with uncertain staying power)
FU = Chase Freedom Unlimited (please ignore any other connotation for those initials)
FWIW = for what it's worth
Gardening = choosing NOT to apply for new lines of credit
HP = hard pull (credit check listed as an inquiry on credit report)
IMO/IME = in my opinion / in my experience
INQ = inquiries listed on credit report
OP = original poster
PC = product change (change the name & type of a credit card to another issued by the same company)
PRG = American Express Premier Rewards Gold
Prime = desirable; usually used to reference cards with better features, rewards, or perks; lower interest rates; and greater perceived stability
QS = Capital One Quicksilver
Recon = ask company to reconsider a denial of credit
SCT = shopping cart trick (using the shopping cart features of online stores to apply for store credit cards with a soft pull only)
SP = soft pull (credit check not listed as an inquiry)
Sub-prime = less desirable; usually used to reference store cards or cards designed for lower credit scores
TL = transaction lines / credit lines
TU = TransUnion
VS = Visa Signature (the highest level of benefits provided on a Visa card, comparable with "Visa Infinite")
WEMC = World Elite MasterCard (the highest level of MasterCard features, benefits similar to Visa Signature)
WMC = World MasterCard (offers special features from MasterCard, but not quite as many as World Elite)
YMMV / YEMV = your mileage may vary / your experience may vary

Let me know what I missed and I'll add it in. Hope this helps!

As you have EDP, may as well add ED. And for BC, I would add "also known as OBC" (and then probably add an entry for OBC "see BC")

Re: Updated Abbreviation List

Anonymous — Wed, 27 Apr 2016 03:26:40 GMT

SO for significant other, AOR App o rama, (Mod Cut-Isnt a subject to discuss on myFico)

Re: Updated Abbreviation List

DrZoidberg — Fri, 08 Apr 2016 17:21:46 GMT

TL stands for Tradeline. Which is different from a transaction line.

Re: Updated Abbreviation List

galahad15 — Fri, 08 Apr 2016 18:08:02 GMT

Many thanks for the very valuable and excellent new abbreviation list! A quick question: just to double-check, is "SL" "spending limit" or "starting limit", or both? I had always assumed it had meant "starting limit" (as in a starting credit limit), so if I accidentally misunderstood, my apologies...

Re: Updated Abbreviation List

Anonymous — Fri, 08 Apr 2016 23:44:39 GMT

What does IHG stand for?

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 00:03:53 GMT

international house of gardeners! lol jk

Re: Updated Abbreviation List

Burned2manybridgesB4 — Sat, 09 Apr 2016 03:12:11 GMT

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 03:31:53 GMT

LOL = laugh out loud

JK = Just kidding

Thanks!

Re: Updated Abbreviation List

Anonymous — Wed, 27 Apr 2016 03:27:23 GMT

@Anonymous wrote:
SO for significant other, AOR App o rama, 2

added.

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 04:21:05 GMT

@DrZoidberg wrote:
TL stands for Tradeline. Which is different from a transaction line.
fixed

@galahad15 wrote:
Many thanks for the very valuable and excellent new abbreviation list! A quick question: just to double-check, is "SL" "spending limit" or "starting limit", or both? I had always assumed it had meant "starting limit" (as in a starting credit limit), so if I accidentally misunderstood, my apologies...

I've seen SL used interchangeably with CL, so my assumption is it's "spending limit."

@Anonymous wrote:
What does IHG stand for?

Best I can figure is Intercontinental Hotels Group, a card rewards administrator associated with several hotel chains.

All suggestions added so far.

Re: Updated Abbreviation List

Kostya1992 — Sat, 09 Apr 2016 05:34:16 GMT

What about BAE?

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 08:11:17 GMT

@Kostya1992 wrote:
What about BAE?

Saying "BAE" means you're not old enough to have a credit card

Thanks to the OP for the updates.

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 12:37:53 GMT

bae = poop.

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 12:39:43 GMT

@Anonymous wrote:
@Kostya1992 wrote:
What about BAE?
Saying "BAE" means you're not old enough to have a credit card

Thanks to the OP for the updates.

This is true... Very true.

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 14:46:06 GMT

@Anonymous wrote:
..

I've seen SL used interchangeably with CL, so my assumption is it's "spending limit."

Really? Most of the recent usage I've seen here uses SL for starting limit and CL as the current limit (for those interested in how cards "grow")

And I have never seen anyone talk about a SLI, which you would expect if it was interchangeable with CL

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 15:00:05 GMT

correct LTL (long time lurker btw (by the way))
SL has always been starting limit.
CL always credit limit

Re: Updated Abbreviation List

Anonymous — Sat, 09 Apr 2016 15:31:47 GMT

@Anonymous wrote:
correct LTL (long time lurker btw (by the way))
SL has always been starting limit.
CL always credit limit

good to know! Okay, changed.

Re: Updated Abbreviation List

UncleB — Sat, 16 Apr 2016 09:40:49 GMT

Good update!

I have one that you might want to add:

FTF - Foreign Transaction Fee